The Westwood home at 2350 Camden Ave LA CA 90064 received a price reduction this week of $70,000, down to $699,000. The property was listed on 9/21/10 for $849,000 and has received 3 price reductions so far. This latest price reduction seems to have triggered a short sale with the property. Some of you may have not seen this property before because it's listed in the wrong section on the MLS (Koreatown) by an out of area agent. According to the MLS, the home is a 3 bedroom / 2 bath, 1,375 sq ft of living space on a 6,750 sq ft lot.

The Westwood home at 10308 Ashton Ave LA CA 90024 lasted 165+ days on the market before finally receiving an accepted offer on 11/23/10.
This most recent listing period starting at $1,725,000 and had 4 price reductions, last ending at $1,450,000. The home has been listed as high as $1,900,000 in 2007 and $1,849,000 in 2008. 10308 Ashton Ave closed on 12/10/10 for $1,325,000.
According to the MLS, the home is a 2 bedroom (2 bedrooms converted to 1) / 3 baths, 2,216 sq ft of living space on a 7,492 sq ft lot...with a pool.

The Westwood home at 1254 Holmby Ave., LA CA 90024 received a price reduction this week of 4.48% or $60,000, down to $1,279,000. Listed 139 days ago for $1,339,000, this is the 1st price reduction of the listing term. According to the MLS, the home is a 3 bedroom / 2.5 bath, 2,109 sq ft of living space on a 7,143 sq ft lot. According to the listing info this home has been updated throughout with; new a/c system, updated electrical and plumbing, new windows and updated kitchen and baths. With it's remodeled state, it's starting to more fairly priced compared to the teardown/fixer that sold across the street for $1,110,000 back on October 19, 2010.

The Westwood Spanish at 2045 Parnell Ave LA CA 90025 lasted 114 days on the market, receiving an accepted offer on 9/29/10. Listed on 5/5/10 for $1,649,000, the home had three price reductions. Last ending with an asking price of $1,399,000. Two weeks after the last price reduction, the seller accepted an offer. Previously, the home spent about a month in escrow, but fell out in the beginning of September. 2045 Parnell Ave closed on 12/8/10 with a final sales price of $1,367,600. The home last sold April 2007 for $1,520,000. According to the MLS, this home is a 6 bedroom / 3.75 bath, 2,906 sq ft of living space on a 6,750 sq ft lot. This home features a rare subterranean parking garage, remodeled gourmet kitchen and a large grassy yard.

The Westwood Spanish at 2351 Pelham Ave., LA CA 90064 lasted 20 days on the open market before receiving an accepted offer on 10/19/10. Coming on the market 9/29/10 with an asking price of $1,069,000, I had little doubt this would sell very fast. Priced to sell, the home had lots of that Old World Spanish charm, some nice updating and over 2,000 sf of living space. According to the MLS, 4 bedrooms / 2.75 baths, 2,023 sq ft of living space on a 6,866 sq ft lot. 2351 Pelham closed on 12/3/10 for $1,050,000.

This Westwood Hills home at 121 S Thurston Ave LA CA 90049 finally closed this week after a long bout on the open market. Essentially, the home has been on and off the market since 2008, where it started with an asking price of $2,095,000. It looks like in June of 2009, it was leased out for $7,000 for maybe a year. And then returned to the for sale market in June of 2010 with an asking price of $1,495,000. The days on market is a little confusing on this property because it has had several MLS listings, sometimes even running concurrently. After several years, many price reductions, a short stint renting, the property closed on 12/3/10 with a final sales price of $1,345,000. According to the MLS, the home is a 4 bedroom / 3.75 bath, 2,450 sq ft of living space on a 10,297 sq ft lot.

10570 Tennessee Ave, LA CA 90064 received a price reduction this week of 4.35% or $50,000, down to $1,099,000. The home was listed on 9/30/10 for $1,149,000, with this being the 1st price reduction of the current listing period. According to the MLS, the home is a 4 bedrooms / 3 baths, 2,178 sq ft of living space on a 6,360 sq ft lot. 10570 Tennessee has been completely renovated, with approx ~780 sq ft of living space added on, since its 2007 purchase for $975,000.